Funding you earn now, next payment 05:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.031%
Price spread now: Binance against Nado−0.088%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$500.496% of the position
Funding, last 3 days (all we have)−0.060%−$6 on $10k
+Price spread, last 7 days−0.030%−$3 · spread now −0.088%, 7d avg +0.003%
=Together, before fees−0.090%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.091% cheaper against Nado than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZRO-PERP | 1.1752 | 0.0229 | pay 0.0029% / 1h | 24m 13s | $1.3M | $125K | 5x |
| Short | Binance ZROUSDT | 1.1741 | 0.0100 | get 0.0050% / 4h | 3h 24m | $22.1M | $29.8M | 75x |
Nado ZRO-PERP
Binance ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$26.99
- Price spread: −0.088% → +0.003%
- −$9.14
- Slippage, 4 orders
- −$32.63
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$85.76
- Costs to cover
- 0.496%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; Binance: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Nado live order book, 4 min ago | 1.70 bp | 8.9 bp −$9 | 39.9 bp −$399 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.85 bp | 14.9 bp −$15 | 37.9 bp −$379 | 233.8 bp −$23.4K | doesn't fit |
ZRO on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZRO_USDC | +0.0049% | 4h | 1.1739 | −0.107% | $21K | $5K | 10x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1757 | +0.046% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1750 | −0.016% | $137K | $178K | 5x | as long as short |
| Binance ZROUSDTshort | +0.0100% | 4h | 1.1741 | −0.088% | $22.1M | $29.8M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1739 | −0.107% | $17.9M | $13.8M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1739 | −0.107% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1740 | −0.099% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1740 | −0.099% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1753 | +0.012% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1748 | −0.031% | $2.7M | $2.6M | 75x | as long as short |
Orderly PERP_ZRO_USDC
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZRO-USDT | +0.0100% | 4h | 1.1745 | −0.056% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1738 | −0.116% | $97K | $222K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1739 | −0.104% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1760 | +0.071% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1750 | −0.014% | $100K | $850K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1736 | −0.129% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0114% | 1h | 1.1754 | +0.019% | $21K | $4K | 5x | as long as short |
| Lighter ZRO | +0.0128% | 1h | 1.1762 | +0.085% | $4.4M | $1.2M | 5x | as long as short |
| BloFin ZRO-USDT | +0.0145% | 4h | 1.1752 | +0.003% | $1.1M | $250K | 75x | as long as short |
| Nado ZRO-PERPlong | +0.0229% | 1h | 1.1752 | long leg | $1.3M | $125K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1735 | −0.141% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0352% | 1h | 1.1761 | +0.077% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0461% | 1h | 1.1748 | −0.028% | $256K | $384K | 25x | as long as short |
| Hyperliquid ZRO | +0.0583% | 1h | 1.1759 | +0.063% | $37.3M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.1136% | 1h | 1.1733 | −0.156% | $804K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1800 | +0.412% | $12K | $261K | 12x | as long as short |
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Lighter ZRO
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP